First National Bank of Hutchinson Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

First National Bank of Hutchinson boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,282 shares of the technology company’s stock after acquiring an additional 379 shares during the period. First National Bank of Hutchinson’s holdings in SS&C Technologies were worth $855,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SSNC. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust lifted its stake in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co purchased a new stake in SS&C Technologies in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 1.3 %

SSNC stock opened at $82.85 on Thursday. The firm has a market cap of $20.42 billion, a PE ratio of 27.62 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $83.33 and a 200 day simple moving average of $77.79. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Raymond James raised their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.